UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Thursday’s trading session lower by 1.57 points (0.03%) at 3,978.75 points. A total of 512.02 million shares were exchanged during the session at a value of AED 423.74 million. …
Dubai – Mubasher: Emirates Building Systems (EBS), a wholly-owned subsidiary of Dubai Investments, has secured major contracts exceeding a value of AED 225 million, according to a press release. The new projects include Advanced Manufacturing …
Dubai – Mubasher: Parkin Company has entered into an agreement with a private developer to offer parking services at new six key locations in the Emirate of Dubai, according to a press release. In line with the company’s targeted growth strategy, …
Riyadh – Mubasher: Saudi Cement Company announced cash dividends valued at SAR 191.25 million, representing 12.50% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 1.25 per share for 153 million eligible …
Riyadh – Mubasher: Saudi Arabia and Ethiopia signed an agreement to form a joint Saudi-Ethiopian Business Council, advancing economic cooperation. The agreement establishes a foundation for businesses in the two nations to collaborate and better …
UAE – Mubasher: Etihad Airways has signed a joint-venture (JV) agreement with China Eastern Airlines, marking the first such partnership between a Middle Eastern and Chinese carrier. The JV aims to jointly develop and expand routes connecting the …
Mubasher: Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDR) rating of GFH Financial Group at ‘B’, with the outlook on the long-term IDR remaining stable. Fitch has also maintained the senior unsecured long-term rating …
Riyadh – Mubasher: Abdulaziz & Mansour Ibrahim Albabtain Company (Al Babtain Food) has appointed Mansour Ibrahim Abdullah Ababtain as the board’s Chairman for the next three years. Abdul Aziz Ibrahim Abdullah Al Babtain was announced as the Vice …
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the requests of three companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). SAMA Healthy Water Factory Company plans to list 20% of its …
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has announced the pricing of its inaugural GBP 650 million sterling-denominated bond under its Euro medium-term note programme. The issuance is oversubscribed by more than 600%, …
Riyadh – Mubasher: National Building and Marketing Company inked, on 4 June 2024, a SAR 350 million agreement with Al Fayzia Real Estate Development Company. The two entities will team up to develop villas and residential apartments (Granada …
UAE – Mubasher: Dubai-based AI startup qeen.ai has secured a $2.20 million pre-Seed funding round to reshape the global e-commerce landscape in the MENA region, according to a press release. The fundraising was led by Wamda Capital, along with …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) went down by 0.51% on Wednesday and ended the trading session at 11,553.16 points. A total of 285.28 million shares were traded at a value of SAR 8.05 billion. Dr. …
Riyadh – Mubasher: Ladun Investment Company inked a rental contract worth SAR 107.96 million with Real Estate Development Fund, according to a bourse disclosure. The development fund will rent an administrative building, with an area of 11,247 …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 5.65 points (0.14%) on Wednesday and closed the trading session at 3,980.32 points. A total of 347.98 million shares were exchanged during the session at a value of AED 417.19 …
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) was kept unchanged from April 2024 at 55.3 in May, according to the latest S&P Global PMI data. The reading was still higher than its long-run average of 54.4, …
Riyadh –Mubasher: Multinational conglomerate corporation Honeywell has opened its first assembly line dedicated to fire alarm and building management solutions in Saudi Arabia, according to a press release. Located in Dhahran, the facility …
Abu Dhabi – Mubasher: Presight AI Holding and Esyasoft formed a new joint venture (JV) named IntelliGrid during the Baku Energy Week in Azerbaijan, according to a press release. This strategic partnership will deploy smart gas grids, enhanced …
Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) approved cash dividends amounting to SAR 105 million for the second half (H2) of 2023. The total dividends distributed and …
UAE – Mubasher: The UAE climbed from 13th to 6th globally for international tourism receipts in 2023 after logging $51.90 billion. Leading the rankings were the US at $176 billion, followed by Spain, the UK, France, and Italy, according to the UN …
Riyadh – Mubasher: The Saudi Ports Authority (Mawani) signed a memorandum of understanding (MoU) with the Port of Marseille Fos aimed at enhancing cooperation across areas including digital transformation to develop smart ports. The MoU seeks to …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Intelligent Oud Company for Trading to increase its capital by granting one bonus share for every five owned shares. The Saudi firm will raise its capital by 20% to …
